When Merchandise Inventory Is Shown on the Balance Sheet, Both

question 169

True/False

When merchandise inventory is shown on the balance sheet, both the method of determining the cost of the inventory and the method of valuing the inventory should be shown.

---

Definitions:

Applet Compile

Applet compilation refers to the process of converting applet code into bytecode that can be executed by a Java Virtual Machine (JVM).

.class File

A file generated by the Java compiler that contains bytecodes executable by the Java Virtual Machine.

JTextArea

A component in Java Swing that allows for the display of a multi-line area of text, which can be set to allow user editing or to display read-only text.

JTextComponent

A Swing component in Java that serves as the base class for text components, allowing for text manipulation and display.